Key corporate developments: Jihai Gold International Holdings Ltd (02489) has proposed the acquisition of a total 20.96% equity stake in GoldStone Resources Limited, marking its entry into the mining exploration sector in Africa.

Glorious Property Holdings Limited (01271) has successfully obtained waivers from certain lenders regarding covenant breaches, with the total bank loans involved amounting to approximately HK$4.375 billion.

Operational performance highlights: YUEXIU PROPERTY (00123) achieved contracted sales of around RMB 13.492 billion in June, representing a year-on-year increase of approximately 24.9%.

Innovusion (02665) reported total LiDAR product shipments of about 271,100 units for the second quarter, a surge of roughly 385% compared to the same period last year.

Muyuan Foods Co., Ltd. (02714) recorded sales revenue from commercial hogs of approximately RMB 7.5 billion in June, which reflects a 41.40% decrease year-on-year.

Poly Property Group Co., Ltd. (00119) posted cumulative contracted sales of about RMB 23.2 billion for the first half of the year, a decline of 13.11% from the prior year period.

KWG Group Holdings Limited (01813) reported June pre-sales amounting to RMB 254 million, down 61.1% compared to June of the previous year.

Zhenro Properties Group Limited (06158) announced cumulative contracted sales of roughly RMB 2.118 billion for the first six months, marking a 10.44% year-on-year reduction.